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I'm an Australian, based in the Washington, DC, area, with extensive experience in the US, UK/Europe and Australia. I have also lectured in IT and Law related topics at King's College, London, and at The Australian National University.

Saturday, September 20, 2008

Australia lacks government protection of bank deposits

I hear a lot about the FDIC in the US protecting up to US$100,000 of depositors' funds in US banks. For some reason, I had assumed the same was the case in Australia, but it seems not.

(Via Mikal)

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